TNR Gold (CVE:TNR) Shares Up 18.2% – Here’s Why

TNR Gold Corp. (CVE:TNR)’s share price was up 18.2% during trading on Tuesday . The stock traded as high as C$0.07 and last traded at C$0.07. Approximately 341,000 shares were traded during mid-day trading, an increase of 3% from the average daily volume of 329,998 shares. The stock had previously closed at C$0.06.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$0.28 price objective on shares of TNR Gold and gave the stock a “buy” rating in a research note on Wednesday, February 19th.

TNR Gold Price Performance

The business’s fifty day simple moving average is C$0.05 and its two-hundred day simple moving average is C$0.05. The company has a market cap of C$10.45 million, a PE ratio of -5.00 and a beta of 0.62.

Insider Activity at TNR Gold

In other TNR Gold news, Director Kirill Klip sold 600,000 shares of the company’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of C$0.06, for a total transaction of C$36,000.00. Insiders sold a total of 817,000 shares of company stock worth $49,765 in the last 90 days. Corporate insiders own 15.12% of the company’s stock.

About TNR Gold

TNR Gold Corp. engages in the acquiring and exploring mineral properties. It explores for gold, copper, silver, and lithium deposits. The company holds a 90% interest in the Shotgun gold project located in the southwestern Alaska. It also holds royalty interests in the Los Azules Copper and Mariana Lithium projects located in Argentina.